Civic Intelligence

Stepstone Academy

990 • Fiscal year 2024 • EIN 45-4870208

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 10, 2025

2121 East 32nd StreetCleveland, OH 44115

(440) 260-6400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.57x

Higher debt load relative to assets than 97% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

1.11x

Higher debt load relative to revenue than 89% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

25th percentile

-3.6%

Faster asset growth than 25% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

6.7%

Faster revenue growth than 48% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,704,147

Down $101,870 (-3.6%) from 2023

Net Assets

Up

-$1,534,877

Up $1,038,134 (+40%) from 2023

Liabilities

Down

$4,239,024

Down $1,140,004 (-21%) from 2023

Revenue

Up

$3,824,051

Up $238,459 (+6.7%) from 2023

Expenses

Up

$2,785,917

Up $67,958 (+2.5%) from 2023

Net Income

Up

$1,038,134

Up $170,501 (+20%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2013: $577,265Liabilities 2013: $1,298,960Net Assets 2013: -$721,6952013Assets 2014: $596,907Liabilities 2014: $984,110Net Assets 2014: -$387,2032014Assets 2015: $1,561,200Liabilities 2015: $3,480,832Net Assets 2015: -$1,919,6322015Assets 2016: $2,227,887Liabilities 2016: $4,145,392Net Assets 2016: -$1,917,5052016Assets 2017: $2,576,511Liabilities 2017: $5,400,717Net Assets 2017: -$2,824,2062017Assets 2018: $2,815,760Liabilities 2018: $6,256,719Net Assets 2018: -$3,440,9592018Assets 2019: $1,914,001Liabilities 2019: $6,297,229Net Assets 2019: -$4,383,2282019Assets 2020: $875,876Liabilities 2020: $5,711,768Net Assets 2020: -$4,835,8922020Assets 2021: $895,230Liabilities 2021: $5,320,821Net Assets 2021: -$4,425,5912021Assets 2022: $2,989,897Liabilities 2022: $6,430,541Net Assets 2022: -$3,440,6442022Assets 2023: $2,806,017Liabilities 2023: $5,379,028Net Assets 2023: -$2,573,0112023Assets 2024: $2,704,147Liabilities 2024: $4,239,024Net Assets 2024: -$1,534,8772024Assets 2025: $3,393,905Liabilities 2025: $4,160,211Net Assets 2025: -$766,3062025

Highlighted filing

2024

Assets$2,704,147
Liabilities$4,239,024
Net Assets-$1,534,877

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,788,757Expenses 2013: $2,510,452Net Income 2013: -$721,6952013Revenue 2014: $2,852,351Expenses 2014: $2,539,657Net Income 2014: $312,6942014Revenue 2015: $3,583,896Expenses 2015: $3,491,732Net Income 2015: $92,1642015Revenue 2016: $4,119,236Expenses 2016: $4,117,108Net Income 2016: $2,1282016Revenue 2017: $3,889,524Expenses 2017: $4,796,226Net Income 2017: -$906,7022017Revenue 2018: $3,202,920Expenses 2018: $2,920,446Net Income 2018: $282,4742018Revenue 2019: $1,507,228Expenses 2019: $2,449,497Net Income 2019: -$942,2692019Revenue 2020: $1,822,454Expenses 2020: $2,275,118Net Income 2020: -$452,6642020Revenue 2021: $2,544,012Expenses 2021: $2,133,711Net Income 2021: $410,3012021Revenue 2022: $3,180,213Expenses 2022: $2,212,443Net Income 2022: $967,7702022Revenue 2023: $3,585,592Expenses 2023: $2,717,959Net Income 2023: $867,6332023Revenue 2024: $3,824,051Expenses 2024: $2,785,917Net Income 2024: $1,038,1342024Revenue 2025: $3,744,139Expenses 2025: $2,975,568Net Income 2025: $768,5712025

Highlighted filing

2024

Revenue$3,824,051
Expenses$2,785,917
Net Income$1,038,134
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 10, 2025
Return Version
2023v6.0
Gross Receipts
$3,824,051
Mission and Program Overview

Mission

The mission of the school is to provide the highest quality education for students that fosters lifelong learning and prepares students to graduate from college and become productive, involved citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,064,952$965,577▼ $99,375
Cash and Non-Interest-Bearing Accounts$771,800$692,112▼ $79,688
Pledges and Grants Receivable$136,023$286,385▲ $150,362
Accounts Receivable$8,633$35,994▲ $27,361
Prepaid Expenses and Deferred Charges$11,303$2,935▼ $8,368
Total Assets$2,806,017$2,704,147▼ $101,870
Other Assets Total$813,306$721,144▼ $92,162
Liabilities
Other Liabilities$3,633,294$2,978,199▼ $655,095
Unsecured Notes Loans Payable$1,359,710$886,101▼ $473,609
Accounts Payable and Accrued Expenses$386,024$374,724▼ $11,300
Total Liabilities$5,379,028$4,239,024▼ $1,140,004
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-2,573,011$-1,534,877▲ $1,038,134
Total Net Assets Fund Balance$-2,573,011$-1,534,877▲ $1,038,134
Total Liabilities and Net Assets / Fund Balance$2,806,017$2,704,147▼ $101,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$90,431$522,809$0
Other Land Buildings$10,147$484,097$0
Land$39,750-$0
Equipment$28,497$546,631$0
Leasehold Improvements$796,752$553,000$0
Other Assets Org$94,414--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff ThompsonBoard President
Dr Jimmie GrayBoard Vice President
Jennifer Ollis-RothBoard Member
Michael WearBoard Member
Natalie BataBoard Member
Thomas CarlsonBoard Member
Tiffany CollinsBoard Member
Chris ArnoldBoard Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Ohio Guidestone IncManagement and Operational202 E Bagley Road, Berea, OH 44017$3,289,503
Revenue and Support

Revenue Composition

Contributions and Grants
$3,824,051
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,824,051
Change in Net Assets
$1,038,134

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,824,051
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,824,051
Total Revenue per Form 990
$3,824,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,397,558
Other Expenses$1,388,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,302,913--$1,302,913
Depreciation Depletion$336,336--$336,336
Occupancy$221,712--$221,712
Fees for Services Other$202,394--$202,394
Fees for Services Management$195,033--$195,033
Other Expenses$182,690$0$0$182,690
Other Employee Benefits$94,645--$94,645
Fees for Services Accounting$40,685--$40,685
Interest$32,117--$32,117
Insurance$21,209--$21,209
Fees for Services Legal-$18,559-$18,559
Advertising$6,325--$6,325
All Other Expenses$5,629--$5,629
Total Functional Expenses$2,714,783$71,134$0$2,785,917

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,785,917
Total Expenses per Audited Statements$2,785,917
Total Expenses per Form 990$2,785,917
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,598,767
Lease Improvement Loan$649,755
Deferred Inflows of Resources - OPEB$233,535
Deferred Inflows of Resources - Pension$196,358
Deferred Inflows of Resources - Fundraising$120,320
Lease Obligations$90,431
Net OPEB Liability$89,033
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Ohio Guidestone Inc, to provide certain operational functions and management services.

Form 990, Part VI, Section B, Line 11B

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed, it is then provided to the Board Chair for review and to the Treasurer for signature and filing.

Form 990, Part VI, Section B, Line 12C

The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Stepstone Academy
EIN
45-4870208
Phone
4402606400
Address
2121 East 32nd Street, Cleveland, OH 44115

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2025-02-10

Organization Details

Principal Officer
C David Massa
Formed
2012
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01302913
IRS990/OtherSalariesAndWagesGrp/TotalAmt01302913
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0136023
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0286385
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011303
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02935
IRS990/PrincipalOfficerNm0C David Massa
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03585592
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01284912
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0867633
IRS990/PYSalariesCompEmpBnftPaidAmt01433047
IRS990/PYTotalExpensesAmt02717959
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03585592
IRS990/ReconcilationRevenueExpnssAmt01038134
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03824051
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt090431
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0522809
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0613240
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt028497
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0546631
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0575128
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02785917
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt039750
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt039750
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0796752
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0553000
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01349752
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0117666
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1509064
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt294414
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010147
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0484097
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0494244
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01598767
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt189033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2120320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3196358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4233535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5649755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt690431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources - Fundraising
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Lease Improvement Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6Lease Obligations
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03824051
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0965577
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0721144
IRS990ScheduleD/TotalExpensesPerForm990Amt02785917
IRS990ScheduleD/TotalLiabilityAmt02978199
IRS990ScheduleD/TotalRevenuePerForm990Amt03824051
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03824051
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02785917
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Posted on the school's website and in materials distributed from the school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Ohio Guidestone Inc, to provide certain operational functions and management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed, it is then provided to the Board Chair for review and to the Treasurer for signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02806017
IRS990/TotalAssetsEOYAmt02704147
IRS990/TotalAssetsGrp/BOYAmt02806017
IRS990/TotalAssetsGrp/EOYAmt02704147
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03824051
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt071134
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02714783
IRS990/TotalFunctionalExpensesGrp/TotalAmt02785917
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05379028
IRS990/TotalLiabilitiesEOYAmt04239024

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